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A conditional asset pricing model with risk and uncertainty implies that the time-varying exposures of equity portfolios to the market and uncertainty factors carry positive risk premiums. The empirical results from the size, book-to-market, momentum, and industry portfolios indicate that the...
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&H—to explore the determinants of decision time. C&H categorized individual subjects as being of one of four types (of decision … at the decision times of the different types. We take as given the categorization identified by C&H, and explore whether … the classification can explain the decision times of the subjects. We investigate whether and why different types take a …
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